Singapore
Chart of the Week: More than 38% of global adult population to adopt mobile banking by 2018
Chart of the Week: More than 38% of global adult population to adopt mobile banking by 2018
That is equivalent to more than 2 billion people.
Death of the tokens as banks use apps for authentication
Find out how Citi and UOB are simplifying authentication processes.
Which Singapore bank is winning the financial talent war?
In 2016, the bank’s monthly attrition rate was at a low 0.75% compared to the financial service industry’s rate of 1.3% and the national rate of 2.0%.
OCBC's net profit down 11% to US$2.4b in 2016
The rise in net allowances offset the strong wealth management fee income.
Global mobile wallet transactions to increase 32% to $1.35t in 2017
Nearly half of these transactions will be online payments for physical goods.
Cybersecurity stalls customer adoption of fintech services in Singapore
Only 4% of customers use new payment methods in Singapore.
Citi launches global competition for tech innovators to create solutions for the public sector
Interested companies can submit applications until March 6.
APAC banks' IT spending to hit $67.1b in 2017
It's a 5.4% increase from 2016.
Weekly Global News Wrap Up: 11 trends that will define banking in 2017; Brexit risks 30,000 UK jobs
And Credit Suisse moves its investment banking team to London.
Bank of Singapore partners with Swiss bank Vontobel
Clients can now place their assets in Vontobel's Zurich booking centre.
Asia Pacific banks brace for the IFRS 9 deadline of January 2018
Banks are urged to adopt new IT solutions to meet requirements.
Number of ATM cash withdrawals worldwide up 10% in 2015
Chinese ATM usage accelerated to 23%.
Maybank launches payroll processing software for SMEs
This is in partnership with Asian Business Software Solutions.
Indonesia tax amnesty programme to have limited impact on Singapore banks
Total overseas asset declaration stood at S$108b.
DBS to be hardest hit if Ezra Group goes into liquidation
DBS has the largest exposure to Ezra at US$452m.
Asian Banking and Finance Wholesale Banking Awards 2017 now open for nominations
Entries are accepted until April 14.
Weekly Global News Wrap Up: EU banks could take up to 5 years to Brexit; Deutsche Bank fined $630m; Citi launches lending website
And find out what the biggest bankers are planning post-Brexit.
Thought Leadership Centre
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1. DBS and Goldman Sachs complete first interbank OTC crypto options trade 2. HSBC Innovation Banking launches Singapore operations with $1.5b fund 3. MAS, police tighten coordination for Prince Holding Group probe 4. ShaComm Bank, HashKey team up for digital asset push 5. Hang Seng Bank launches money lock featureResource Center
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Event News
Experts explored how hybrid multi-cloud strategies and interconnected data centres are shaping the future of banking in the region.
Commentary
Asian banking’s next frontier: Beyond growth, embracing precision
Rethinking cybersecurity: How APAC banks can safeguard against AI-powered threats
Why Singapore’s fast payments need faster protections